Rathdale Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02815634

Rathdale Limited

Filleted Unaudited Financial Statements

30 April 2018

Rathdale Limited

Statement of Financial Position

30 April 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4	253,967	253,967
Investments	5	100	100
		---------	---------
		254,067	254,067

Current assets

Debtors	6	39,768,306	39,686,124
Cash at bank and in hand		51,995	37,587
		-------------	-------------
		39,820,301	39,723,711

Creditors: amounts falling due within one year	7	18,878,164		18,876,868
		-------------		-------------
Net current assets			20,942,137	20,846,843
			-------------	-------------
Total assets less current liabilities			21,196,204	21,100,910
			-------------	-------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	21,195,204	21,099,910
	-------------	-------------
Shareholders funds	21,196,204	21,100,910
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Rathdale Limited

Statement of Financial Position (continued)

30 April 2018

These financial statements were approved by the board of directors and authorised for issue on 23 July 2019 , and are signed on behalf of the board by:

D Feldman

Director

Company registration number: 02815634

Rathdale Limited

Notes to the Financial Statements

Year ended 30 April 2018

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1Hallswelle Road, London, NW11 0DH.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents gross rental income and service charges receivable on straight-line basis. All income arose in the United Kingdom.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible Assets

	Freehold investment property
	£
Cost
At 1 May 2017 and 30 April 2018	253,967
	---------
Depreciation
At 1 May 2017 and 30 April 2018	–
	---------
Carrying amount
At 30 April 2018	253,967
	---------
At 30 April 2017	253,967
	---------

The directors consider that the cost price of the property represents the current market value.

5. Investments

	Investment in subsidiary
	£
Cost
At 1 May 2017 and 30 April 2018	100
	----
Impairment
At 1 May 2017 and 30 April 2018	–
	----

Carrying amount
At 30 April 2018	100
	----
At 30 April 2017	100
	----

The investment in subsidiary comprises of a 100% holding in Exikon Limited a company incorporated in England.

6. Debtors

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	36,901,965	36,901,968
Other debtors	2,866,341	2,784,156
	-------------	-------------
	39,768,306	39,686,124
	-------------	-------------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings	18,373,874	18,373,802
Other creditors	504,290	503,066
	-------------	-------------
	18,878,164	18,876,868
	-------------	-------------